MarkNtel Advisors analyses the growth rate of the Saudi Arabia Paints & Coatings Market in the forecast period from 2025 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Saudi Arabia Paints & Coatings Market, helping them make informed decisions.
Market Outlook – 2025-2030:
The Saudi Arabia Paints & Coatings Market size is estimated at around USD 1.5 billion in 2024 & is expected to grow at a CAGR of around 4.4% during the forecast period, i.e., 2025-30. The paints and coatings market in Saudi Arabia is witnessing dynamic growth, buoyed by multiple drivers. The surge in urbanization and continuous construction endeavors are bolstering the demand for housing and business accommodations. Furthermore, a greater emphasis on maintaining infrastructure aesthetics while safeguarding against harm is spurring an increase in sophisticated coating usage, leading to market growth & expansion. Rigorous environmental regulations coupled with mounting interest in sustainability factors have hastened the production of eco-friendly or low-VOC options that align better with consumers' preferences toward environmentally conscious alternatives. The inclination towards renovating pre-existing structures serves as a testament to how agile this field continues to be, catering adeptly even amid changing customer demands.
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Key Company Profiles
This report explores recent significant developments in the Saudi Arabia Paints & Coatings Market, focusing on the leading companies and their innovative profiles. The major players in the Saudi Arabia Paints & Coatings Market, featured in this report, include:
- PPG Industries
- AkzoNobel NV
- Jazeera Paints
- Kansai Paint Co. Ltd.
- National Paints Factory Co. Ltd.
- Protech Powder Coatings Inc.
- Sak Coat
- The Sherwin-Williams Company
- United Coatings Industries
- Zamil Industrial Coatings
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Saudi Arabia Paints & Coatings Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Resin Type
- Acrylic Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Alkyd Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyurethane Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Epoxy Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyester Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Other Resin Types (Polyether Ether Ketone, Polyether Ketone Resin)- Market Size & Forecast 2020-2030, (Thousand Tons)
The Saudi Arabian paints and coatings industry exhibits a dominant presence of acrylic resin, commanding a significant market share exceeding 70% in waterborne coatings.
- By Technology
- Water-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- Solvent-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- Powder-based- Market Size & Forecast 2020-2030, (Thousand Tons)
- By End-Use Industry
- Architectural- Market Size & Forecast 2020-2030, (Thousand Tons)
- Automotive- Market Size & Forecast 2020-2030, (Thousand Tons)
- Protective Coatings Market- Market Size & Forecast 2020-2030, (Thousand Tons)
- General Industrial- Market Size & Forecast 2020-2030, (Thousand Tons)
- Other End-user Industries (Wood Coatings)- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Region
- North and Central
- West
- East
- South
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What are the primary factors driving the growth of the Saudi Arabia Paints & Coatings Market?
Increasing Demand for Paints and Coatings from the Construction & Architecture Industry – The thriving construction sector in Saudi Arabia, fueled by the expansive 'Neom' project worth USD 500 billion and the successful completion of Phase 1 of the Red Sea Project, along with a government-led affordable housing endeavor totaling USD 80 billion, is propelling size & volume within the architectural paints and coatings market. These specialized products meet distinct functional needs such as moisture-resistant bathroom coatings, which are essential for enhancing durability in diverse environments. The country's ever-expanding building industry, coupled with an additional booster package valued at USD 19 billion, will continue to spur demand, resulting in greater sales volumes of these distinctive commodities throughout Saudi Arabia.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
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